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11 January
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Trump’s Last Days Bring Fresh Turmoil to U.S.-China Relations By Bloomberg

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(Bloomberg) -- The Trump administration’s final days are proving as confounding as ever for companies and investors stuck in the middle of an increasingly contentious U.S.-China relationship. After a week of widespread confusion over the scope of a U.S. ban on investments in businesses linked to China’s military, both Washington and Beijing took steps over the weekend that threaten to further ratchet up...

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11 January
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British Land receives less than half of rents due from retailers in December-quarter By Reuters

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(Reuters) - Real estate firm British Land said on Monday it had received less than half of the rent its retailers owed during the holiday quarter as stricter COVID-19 restrictions aggravated conditions in Britain's high streets. British Land had collected only 46% of December-quarter rent as of Jan. 7, as per the company's statement, compared with the 72% it reported for the previous...

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11 January
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Business as usual for EU banks in ‘open’ London, says Bank of England By Reuters

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By Huw Jones LONDON (Reuters) - European Union banks' branches in London should see no major change in how they are supervised following Britain's formal departure from the bloc last month, the Bank of England's supervisory arm said on Monday. Britain is keen to maintain the City of London's attractiveness as a global financial centre after full access to the EU, hitherto its...

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11 January
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What Strategists Are Saying About Impact of U.S. Stimulus By Bloomberg

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(Bloomberg) -- Wall Street strategists are going all-in on reflation bets that powered global markets through last week’s U.S. political mayhem and the spreading pandemic. Thank the prospect of narrow Democratic control of the Senate, which is spurring investment banks to raise projections on spending, inflation and growth. Among the takes: Saxo Capital Markets Pte says it’s game-on for trillions in green infrastructure....

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11 January
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StockBeat: JD Sports Thrives as British Land Suffers Through Latest Lockdown By Investing.com

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By Geoffrey Smith  Investing.com -- Two separate reports out of the U.K. threw a harsh, if predictable, spotlight on the outlook for the retail sector this year. JD (NASDAQ:JD) Sports Fashion (OTC:JDSPY) hit an all-time high with a 4.6% rise after upgrading its profit forecast for the year ending January 31 and, more importantly, predicting another solid increase in profit in the coming year....

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11 January
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Exclusive-China to push its tech giants to share consumer credit data-sources By Reuters

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By Julie Zhu HONG KONG (Reuters) - China plans to push tech giants including Ant Group, Tencent (HK:0700) and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing's latest tightening of scrutiny.     The plan, if implemented, would effectively end the government's laissez-faire approach to the industry and is...

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11 January
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Exclusive: Nintendo ships 1 million Switches in China since late-2019 launch By Reuters

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By Pei Li HONG KONG (Reuters) - Nintendo Co Ltd (T:7974) has shipped 1 million Switch consoles in China since it launched the device in the world's largest video games market at the end of 2019, its Chinese partner Tencent Holdings Ltd (HK:0700) said on Monday. The Japanese company launched its Switch console in China in December 2019 in partnership with...

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11 January
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UK’s Sunak to update parliament on economy on Monday By Reuters

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LONDON (Reuters) - British finance minister Rishi Sunak will update parliament on Monday afternoon about the economic outlook and measures taken by the government to offset the hit from the coronavirus pandemic, officials said. Sunak will speak to parliament before another minister, Nadhim Zahawi, updates lawmakers on COVID vaccine rollout. A spokesman for Britain's finance ministry said Sunak would address lawmakers on "the...

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11 January
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Twitter shares slump 8% in Germany after Trump account suspension By Reuters

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LONDON (Reuters) - Twitter's German-listed shares slumped 8% on the first trading day after it permanently suspended U.S. President Donald Trump's account late on Friday. The company said suspension of Trump's account, which had more than 88 million followers, was due to the risk of further violence, following the storming of the U.S. Capitol on Wednesday.. The social media firm's U.S.-listed...

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